Industrial for sale in 60-62 North Road, North Road Industrial Estate, Okehampton, Devon EX20

The property consists of a separately accessed warehouse premises just off North Road with numerous outbuildings over a site measuring approx. 6.7 acres (2.71 ha). The property itself benefits from large open warehouse accommodation over two levels with mezzanine storage and offices located to the front and rear.

There are also a number out outbuildings located onsite (not measured) and a large surfaced car park with further land to the north east of the property. With the inclusion of all buildings onsite the property has a site coverage of approx. 16.21%.

Location

The property is located just off the A30 in Okehampton approx. 21 miles west of Exeter, 26 miles north of Plymouth and 24 miles south of Barnstaple. The town has a population of approx. 5,922 and benefits from the new Okehampton Railway Station that connects Exeter St Davids to Plymouth via Tavistock on the Dartmoor Line.

The town is also serviced by the Stagecoach Bus Service from Exeter, Bude, Newquay and Tavistock. Bus service 6 runs from the town to Exeter with the 6A service to Launceston.

The property is located to the north of the town with numerous well established industrial occupiers including Howdens, Travis Perkins and rgb Building Supplies in close proximity to the property.

Accommodation

All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition).

Warehouse: 42,761 sq ft (3,972.66 sq m)
Mezzanine: 4,555 sq ft (423.15 sq m)
Outbuildings (not measured) -
Total: 47,316 sq ft (4395.81 sq m) plus outbuildings

Site Area: 6.7 acres (16.21 % site coverage including outbuildings measured via voa)

Planning

The property benefits from B1, B2 and B8 Use Classes.

Rent / Price

£1,750,000 for the Freehold

Business Rates

From the Valuation Office Agency website () we understand that the current Rateable Value is £127,000 therefore making the approximate Rates Payable £65,024 per annum for 2024/25.

Services

We understand that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.

EPC

E (105)

Legal Fees

Each party to be responsible for their own legal fees in relation to this transaction.

VAT

All figures quoted are exclusive of VAT if applicable.